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#51
06-22-2007, 10:59 AM
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Re: $1.4 Million Day
Dont you have a myspace page too? I'd pay someone to fix that up, was real ugly if I remember correctly.
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#54
06-22-2007, 12:20 PM
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Re: $1.4 Million Day
LOL.booooooosssssssttteeeeedddd
Send me some of da monies too. currently experiencing Variance. down 13 bi@ .5/1. hook it up FTP: Deewise79
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#55
06-22-2007, 12:22 PM
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Re: $1.4 Million Day
[ QUOTE ]
[ QUOTE ] Jesus, for those who don't get it: Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday. Alles klar? [/ QUOTE ] Classic example of people who already have money basically not doing a damned thing and amassing more fortune. What a scam capitalism is. [/ QUOTE ] It doesn't seem like you're understanding that he actually did something.
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#56
06-22-2007, 12:40 PM
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Post deleted by Mat Sklansky
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#57
06-22-2007, 12:46 PM
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Re: $1.4 Million Day
[ QUOTE ]
[ QUOTE ] Jesus, for those who don't get it: Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday. Alles klar? [/ QUOTE ] Classic example of people who already have money basically not doing a damned thing and amassing more fortune. What a scam capitalism is. [/ QUOTE ] That's not capitalism. That's short selling on margin. The most degenerate form of gambling known to man.
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#58
06-22-2007, 12:49 PM
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Re: $1.4 Million Day
[ QUOTE ]
FTR - my biggest 1 day loss in the markets > $4 M but that was a long time ago [/ QUOTE ] Jesus... what's your net worth to afford swings like that?
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#59
06-22-2007, 12:49 PM
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Post deleted by Mat Sklansky
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Linear Mode
